Apple’s Halloween And Investor Fears Does Not Scare This Analyst

Citi analyst Jim Suva maintained a Buy rating on Apple Inc (NASDAQ:AAPL) with a $185 price target. Despite media and investor concerns,…
  • Citi analyst Jim Suva maintained a Buy rating on Apple Inc (NASDAQ:AAPL) with a $185 price target.
  • Despite media and investor concerns, Suva expressed no fear regarding Apple’s upcoming earnings report on October 27. 
  • Apple shares have slightly outperformed the broader market, given better-than-feared results year-to-date, continued product launches, and positive news flow on consumer preference for higher-priced iPhone 14 Pro models. 
  • Mixed news flow related to iPhone builds was not uncommon during this time of the year, and he remained positive on the shares. 
  • His checks suggested iPhone 14 build is still on track for second-half expectations of 90 million units.
  • Price Action: AAPL shares traded higher by 0.51% at $139.69 on the last check Wednesday.
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